DEEPZERO's stock plummeted 9.03% during intraday trading on Tuesday, marking a significant decline as investors reassess the company's prospects.
The sharp drop follows a substantial post-IPO rally, where the stock surged nearly 8-fold in its first three trading days, leading to intensified profit-taking as the initial euphoria fades. Fundamental concerns are pressuring shares, with the company reporting a net profit decline of approximately 85% over three consecutive years, deteriorating gross margins, and revenue still below 2023 levels. With a trailing P/E ratio exceeding 1,395x, valuation appears stretched, prompting investors to sell off holdings.
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